Well, its not cheap enough for me when I pay around $80k-100K brokerage fee a year which is roughly $170-180 million trading value in absolute dollar terms. Anyone who trades that sort of figure can negotiate a different set of brokerage fee. That doesn't mean I have $ 150 million dollars in the bank,( I wouldn't be lurking around Hot Copper) I just trade that sort of figure annually.
But just remember, no broker is your friend.
They are there to take money from you and not vice versa. They are worse than shorters and manipulators of the stock. At least they can work in your favour at times. But brokers have only one way.....take money from clients. Lure clients to margin lending or CFD's and get you at the worst possible time.
Focusing on your trade/investment will serve you better than focusing on the brokerage fee.
After all you don't pay the brokerage fee, someone else does. Hope you understand. A winning trade pays off both sides of the trade.
SLR Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
